Increase in bank overdraft is *
1 point
a) investing activity
b)financing activity
c)operating activity
d)cash and cash equivalents
Answers
Answered by
2
Answer:
d. cash and cash equivalents
Answered by
0
Answer:
financing act.
Explanation:
When overdrawn, the overdraft is noted as negative cash. If the overdraft is not repayable on demand, changes in the balance are treated as a financing activity, not a change in cash or cash equivalents. If they're treated as a financing activity: an increase in the overdraft will be a source of finance
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